Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.034%

Price spread now: Derive against edgeX−0.044%74s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Derive is 0.044% cheaper against edgeX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX VVVUSDC	31.274	0.0119	pay 0.0060% / 4h	2h 46m	$78K	$331K	10x
Short	Derive VVV-PERP	31.261	0.0100	get 0.0013% / 1h	46m 15s	$1K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee DerivebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$4.05
Price spread: −0.044% → 0.000%: −$4.4
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$23.45
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 42 min ago; Derive: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 42 min ago	1.11 bp	101.3 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit VVV_USDC-PERPETUAL	−0.0057%	1h	31.261	−0.042%	$90K	$22K	10x	as long as short
01 Exchange VVVUSD	−0.0024%	1h	31.225	−0.158%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.247	−0.088%	$109K	$6.8M	1.7x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.271	−0.010%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.942%	$2K	$1K	5.5x	as long as short
BloFin VVV-USDT	+0.0056%	4h	31.240	−0.110%	$1.3M	$1.7M	25x	as long as short
Polymarket Perps VVV-USD	+0.0064%	1h	31.226	−0.155%	$134K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.272	−0.008%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.236	−0.122%	$383K	$574K	5x	as long as short
Gate VVV_USDT	+0.0094%	4h	31.254	−0.065%	$10.6M	$7.7M	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter VVV	+0.0096%	1h	31.272	−0.009%	$2.2M	$5.4M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.255	−0.062%	$461K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.209	−0.211%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.292	+0.056%	$71.3M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.273	−0.006%	$274K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.241	−0.108%	$186K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.267	−0.024%	$33.1M	$154.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.258	−0.053%	$38.5M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.267	−0.024%	$4.6M	$40.7M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.265	−0.030%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.273	−0.005%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.241	−0.107%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.263	−0.037%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.095	−0.575%	$2.0M	$184K	—	as long as short
Derive VVV-PERPshort	+0.0100%	1h	31.261	−0.044%	$1K	$1K	5x
Phemex VVVUSDT	+0.0100%	4h	31.256	−0.059%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.243	−0.100%	$3K	$106	5x	as long as short
Extended VVV-USD	+0.0104%	1h	31.262	−0.040%	$312K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.272	−0.007%	$6K	$13K	3x	as long as short
edgeX VVVUSDClong	+0.0119%	4h	31.274	long leg	$78K	$331K	10x
Backpack VVV_USDC_PERP	+0.0215%	1h	31.260	−0.047%	$118K	$379K	5x	as long as short
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.481%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0441% / S −0.0204%	1h	31.262	−0.038%	$521K	—	100x	as long as short